Investment for sale Gateshead NE8 4YR,22555sq ft

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Investment

Investment For Sale Gateshead

PROPERTY ID: 128097

PROPERTY TYPE

Investment

STATUS

Available

SIZE

22,555 sq.ft

Key Features

A rare opportunity to acquire a secure, single let industrial / distribution investment.

Prominently situated with main road frontage onto Lobley Hill Road, within 0.5 miles of Team Valley, the region's premier industrial location.

Strategically located distribution investment with excellent road communications with the A1 within 0.75 miles.

Building extends to 22,555 sq ft on a large 1.92 acre site.

Freehold.

To be let on a 15 year term with no breaks at a rent of £135,000 per annum.

Secure covenant of AAH Pharmaceuticals with a Creditsafe rating of 97/100 ('very low risk') with turnover for year end March 2023 of £3.3b.

Low site cover of 30%.

Property Details

Freehold Sale & Leaseback Investment For Sale. Warehouse With Offices On A Substantial Prominent Road Frontage Site Of 1.92 Acres. The Site Includes A Fuelling Station, Wash Bay And Interceptor Tank. The Property, On Completion Of The Sale, Will Be Let To Aah Pharmaceuticals Ltd On A 15 Year Lease At A Rent Of £135,000 Per Annum, With 5 Yearly, Upward Only Rent Reviews. The Property Will Be Let On Full Repairing And Insuring Terms Subject To A Schedule Of Condition.

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About the Agent

HTA Real Estate

See Agent's Other Properties

Investment Unit

£1,750,000 Freehold

120 Lobley Hill Road, Gateshead, NE8 4YR

Investment - Available
22,555 sq ft
2,095 sqm

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